Home > News > World
Saturday January 11, 2014 MYT 3:20:02 AM
Saturday January 11, 2014 MYT 3:20:56 AM
WASHINGTON (Reuters) - U.S. Representative Elliot Engel said on Friday he was "deeply troubled" about a new report that Russia is negotiating an oil- for-goods swap with Iran, saying it raises questions about Russia's commitment to end Iran's pursuit of nuclear weapons.
Reuters reported on Friday that the deal being negotiated is worth $1.5 billion a month, and would let Iran raise its oil exports by up to 500,000 barrels per day. U.S. and European sanctions on Iran's disputed nuclear program have combined to cut Iran's oil exports by about 1 million bpd.
Giving Tehran this type of sanctions relief "severely undermines international efforts to force Iran to take seriously its international nuclear obligations," Engel, the top Democrat on the House Foreign Affairs Committee, said in a release.
(Reporting by Timothy Gardner; Editing by Chizu Nomiyama)
Ecuador, first stop on Pope tour, highlights environment exhortation
Iran nuclear talks in endgame, negotiators push on sticking points
Catholic Church should not have 'leaders for life', Pope says
Turkey's Erdogan moots possibility of snap election
Celebrate Raya in style with GEMFIVE
The 3 unexpected life events that leave us in debt
Paying off Greece's debt – via crowd-funding
LBU signs MoU to deliver Sarawak highway project
Eastin spices up Ramadan fare
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)